Biden Faces Call For Broad SCC Reform To Bolster Value Of GHG Policies

February 18, 2021
Days before a Biden administration working group releases an “interim” value for the social cost of carbon (SCC) used to estimate the benefits of greenhouse gas reduction measures, a top legal scholar is urging a broad reform of the SCC and the associated “discount rate” of future impacts in order to bolster the value of new EPA GHG rules. Under a Jan. 20 executive order from President Joe Biden, an interagency working group must decide by Feb. 19 on an...

Not a subscriber? Sign up for 30 days free access to exclusive environmental policy reporting.